Profitable Downtown Peninsula Location Steakhouse with Patio

San Mateo County, CA

Profitable Downtown Peninsula Location Steakhouse with Patio
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Asking Price: $499,900

Cash Flow: $115,048

Gross Revenue: $1,389,587

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Established: N/A

Profitable Downtown Peninsula Location Steakhouse with Patio

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Business Description

Profitable Downtown Peninsula Location Steakhouse with Patio; 1.4 Million Sales

RRC#: 3296
Asking Price: Offered At $499,900
Location: San Mateo County
Annual Revenue: $1,389,587
Annual Cash Flow: $115,048
Monthly Rent: $16,103

Listing Description:
Established steakhouse on a busy thoroughfare in the downtown area of a established city on the Peninsula. The location is situated near retail, offices, and other restaurants, and is within walking distance of residential areas. There is inside seating for 140 and an outside patio for 20 with umbrellas and headlamps. The location is open for lunch and dinner 7 days a week with lots of offices in the area making way for strong lunch business coupled with high residential and families in the area for solid dinner business. There is an opportunity to increase revenue by expanding the cocktail program. The restaurant has an open air kitchen with two 8' hoods on the front line and a wood burning oven, steak broiler and a 6' grill. The front line is also equipped with a two door reach-in refrigerator, steam table, 8 burner stove with oven, a total of four 2 door under-counter refrigerators with prep station, fryer, salamander, multiple hand-washing sinks and video screen order in system. The kitchen is very large and has an employee area, large dry good storage and a huge walk in refrigerator with walk in freezer. connected. The kitchen also has an 8' hood with Rational convection oven, 4 burner stove and oven, two stock pot burners, slicer, chest freezer, ice machine, hand-washing sinks, prep sink, 3 compartment sink area with dishwasher. There is an office area and two restrooms.

General Information:
Organization: Inc.
Established: 2012
Current Owner: 2012
Employees: Contact For Info
Reason For Sale: Other Interests

Financial Information:
Monthly Revenue: $115,798
Monthly Cash Flow: $9,587
Annual Revenue: $1,389,587
Annual Cash Flow: $115,048
Payroll: Contact For Info
Monthly Revenue: $115,798
Monthly Cash Flow: $9,587

Detailed Information

Location:
San Mateo County, CA
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Contact the Seller

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Steven D Zimmerman, CBB, M&AMI, CBI, FIBBA

Business Listed By:
Steven D. Zimmerman

Restaurant Realty Company

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Memberships & Certifications:
Indicates membership in The California Association of Business Brokers (CABB). The CABB Certified Business Broker (CBB) certification distinguishes its holder as a seasoned professional who has a solid educational background, proven accomplishments in completing deals, and an active membership in the CABB.

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